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(Image from article: "Troubled CIT 'gets rescue deal'")

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Troubled CIT 'gets rescue deal'

CIT, the troubled American bank, approves a $3bn rescue loan from major shareholders to try to avoid bankruptcy, reports say.

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CIT talks to bondholders; bankruptcy still feared

CIT Group Inc is in talks with a group of bondholders for $2 billion to $3 billion in rescue financing as it tries hard to avoid bankruptcy, a source close to the company said late on Friday.

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